[外语类试卷]现代金融业务（综合）模拟试卷1及答案与解析.doc

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1、现代金融业务（综合）模拟试卷 1及答案与解析 单句理解 （ A） On Sundays the bank is open till 4:00 p.m （ B） On Sundays the bank is open till 4:30 p. m （ C） On Sundays the bank is closed at 4:30 p. m （ D） On Sundays the bank opens at the usual time. （ A） A Legal tender is the money recognized as a legal medium of exchange. （ B）

2、 Money is used as legal tender if it is a medium of exchange. （ C） Money is not used as legal tender until it is a medium of exchange. （ D） Legal tender is the money recognized as a medium of exchange. （ A） A business has an obligation to report the use of the assets to the creditors and owners. （ B

3、） A business has an obligation to report the accounts of the company to directors. （ C） The creditors and owners have an obligation to report the use of the assets to the business. （ D） The assets are not owned by the business, but by the creditors and owners. （ A） The aim of such control is to rais

4、e the demand for foreign exchange. （ B） The aim of such control is to decrease the supply of foreign exchange. （ C） The aim of such control isnt to maintain a stable exchange rate. （ D） The aim of such control is to maintain a stable exchange rate. （ A） Money brokers generally buy and sell CDs among

5、 themselves. （ B） The buyer and seller of CDs will generally trade through the brokers. （ C） Money brokers never buy and sell CDs among themselves. （ D） CDs are generally bought and sold through the bank. （ A） The check is out of date. （ B） The check is post-dated. （ C） The check is in too large amo

6、unt. （ D） The check is a crossed one. （ A） The cost principle states that assets and services that are acquired should be recorded at their current price. （ B） The cost principle states that assets and services that are acquired should be recorded at their actual historical cost. （ C） The Reliabilit

7、y Principle states that assets and services that are acquired should be recorded at their current cost. （ D） The Reliability Principle states that assets and services that are acquired should be recorded at their actual historical cost. （ A） The collecting bank is the bank at the sellers country. （

8、B） The collecting bank acts only as an agent for the remitting bank. （ C） The collecting bank knows the buyer very well. （ D） The collecting bank noticed that the draft and the documents were received. （ A） The relationship between the drawee and collecting bank will be taken into consideration firs

9、t of all. （ B） The remitting bankers instructions will be paid much more attention. （ C） The remitting bankers instructions will be less important than the relationship between the drawee and collecting bank. （ D） The remitting banker must consider the relationship between the drawee and collecting

10、bank. （ A） Not all the customers are allowed by Internet banking to transact business. （ B） Internet banking allows any customer to transact business from certain places. （ C） Internet banking allows any customer to transact business from certain time. （ D） All customers are allowed by Internet bank

11、ing to transact business. 对话理解 （ A） $100 （ B） $120 （ C） 1200 （ D） 1000 （ A） It is a plastic card. （ B） People can lend it to others. （ C） It can carry- a line of credit ranging from several hundred to several thousand or more. （ D） It is very convenient. （ A） The loan proposal. （ B） His repayment ca

12、pability. （ C） The banks money. （ D） Her own money. （ A） 3%. （ B） 5%. （ C） 11%. （ D） None. （ A） Representatives. （ B） Agencies. （ C） Branches. （ D） Subsidiaries. （ A） The amount. （ B） The address. （ C） The name. （ D） The account number. （ A） Vertical method. （ B） Horizontal method. （ C） Balance shee

13、t. （ D） Both and . （ A） Because she lost her bill. （ B） Because her bill didnt mature. （ C） Because she forgot the rules. （ D） Because her bill was not duly presented. （ A） Documentary credit. （ B） Documentary collection. （ C） Payment in advance. （ D） Open account. （ A） A debit card cannot be used t

14、o pay for services. （ B） A debit card cannot be used to pay for goods. （ C） A debit card cannot be used to pay for meals. （ D） A debit card cannot be used to overdraw money. 短文理解 （ A） A slight increase in prices. （ B） Rapid growth of economy. （ C） Decrease of workers salary. （ D） Soaring prices. （ A

15、） Hyperinflation is just a passing phase in the economic development. （ B） People could benefit a lot from hyperinflation. （ C） Hyperinflation is used by a government to raise taxes. （ D） Hyperinflation may cause the downfall of a government. （ A） Harmful. （ B） Negative. （ C） Going back. （ D） Progre

16、ssive. （ A） The cause of hyperinflation. （ B） The dangers that hyperinflation brings to a country. （ C） The relationship between taxes and hyperinflation. （ D） The supply of money and hyperinflation. （ A） It consists of one commercial credit and one standby credit. （ B） It consists of two entirely s

17、eparate documentary credits. （ C） It consists of a credit and some commercial documents. （ D） It consists of a bill of exchange and a bill of lading. （ A） When actual suppliers and ultimate buyers deal through a middleman. （ B） When buyers and sellers agree to make settlement by means of letters of

18、credit. （ C） When buyers dont agree to make payment on collection basis. （ D） When sellers insists on a documentary credit. （ A） The ultimate buyer. （ B） The middleman. （ C） The issuing bank. （ D） The actual supplier. （ A） A long-term interest rate. （ B） A long-term loan. （ C） A short-term interest

19、rate. （ D） A short-term loan. （ A） One night. （ B） One year. （ C） Three days. （ D） Three months. （ A） The foreign banks. （ B） The locally incorporated banks. （ C） The government. （ D） Inhabitant in Hong Kong. 一、单项选择题 31 Holding a group of assets reduces risk as long as the assets _. （ A） are perfect

20、ly correlated （ B） are completely independent （ C） do not have precisely the same pattern of returns （ D） have a correlation coefficient greater than one 32 The most important factor in deciding the value of a company is the companys _. （ A） management （ B） liquidity （ C） market value （ D） profitabi

21、lity 33 Risks associated with investing in foreign countries are the following except _. （ A） voting risk （ B） exchange rate risk （ C） country risk （ D） political risk 34 Liquidity risk arises from the inability of a bank to accommodate unexpected decreases in _ or to fund increases in assets. （ A）

22、liabilities （ B） profitability （ C） sufficiency （ D） supply 35 Once a break-even point is determined, management often wants to know the number of units that must be sold or the amount of services that must be performed to reach _. （ A） the target （ B） the budgeted revenue （ C） a target net income （

23、 D） a target cost 36 The _ is the agency taking the responsibility of inspecting and supervising the foreign exchange business of financial institutions. （ A） The SAFE （ B） The PBC （ C） The IMF （ D） The State Council 37 Which of the following belongs to a long-term private debt instruments? （ A） Com

24、mercial paper. （ B） Certificates of deposit. （ C） Bankers acceptance. （ D） Corporate bond. 38 The only disadvantage of investing Treasury bills is that _. （ A） the liquidity is not satisfactory （ B） the return is not satisfactory （ C） the investment is not so safe （ D） the investment is not exempt f

25、rom state taxes 39 Discount houses act as a broker in _ between those who wish to lend short-term funds and those who wish to borrow short-term funds. （ A） the capital market （ B） the foreign exchange market （ C） the money market （ D） the Stock Exchange 40 _ are the basis of foreign exchange dealing

26、s. （ A） World trade （ B） The cross-border money （ C） Capital movements resulting from financial transactions （ D） All of them 二、完形填空 40 Billions of dollars worth of new securities reach the market each year. The traditional (56) in the primary, markets is called an investment banker. The investment

27、bankers principal activity is to bring sellers and buyers together, thus creating a market. He normally buys the new issue from the issuer at an agreed-upon price and hopes to (57) it to the investing public at a (58) price. In this capacity, investment bankers are said to underwrite, or guarantee,

28、an issue. Usually, a group of investment bankers joins to underwrite a security offering and form what is called an underwriting syndicate. The (59) received by the investment banker in this case is the differential, or spread, between his purchase and resale prices. The risk to the underwriter is t

29、hat the issue may not attract buyers at a (60) differential. （ A） buyer （ B） organizer （ C） seller （ D） middleman （ A） sell （ B） resell （ C） give （ D） bring （ A） higher （ B） lower （ C） suitable （ D） middle （ A） income （ B） benefit （ C） commission （ D） interest （ A） positive （ B） negative （ C） high （

30、 D） low 45 Commercial banks provide long-term mortgage loans to borrowers (consumers) to purchase houses/land. The ownership of the (61) remains in mortgagee and the possession of property usually remains in (62) unless and until the occurrence of default or full repayment. Maturity of such loans is

31、 usually 30 years and the interest rates are (63) Maximum amount of such loans is (64) of the property value, and the balance should be paid (65) as down payment. （ A） land （ B） property （ C） bank （ D） credit （ A） borrower （ B） mortgagees （ C） mortgagors （ D） applicants （ A） flowing （ B） fixed （ C）

32、float （ D） fixing （ A） 30% （ B） 50% （ C） 1.1 （ D） 0.7 （ A） in cash （ B） in advance （ C） in time （ D） in currency 三、判断正误 50 Read the following passages and determine whether the sentences are “Right“ or “Wrong“. ff there is not enough information to answer “Right“ or “Wrong“, choose “Doesnt say“. Pas

33、sage One The most basic tool of the accountant is the accounting equation. This equation presents the assets of the business and the claims to those assets. Assets are economic resources of a business that are expected to be of benefit in the future. Cash, office supplies, merchandise, furniture, la

34、nd and buildings are examples. Claims to those assets come from two sources. Liability are outsider claims, which are economic obligations, debts payable to outsiders. These outside parties are called creditors. For example a creditor who has loaned money to a business has a claim a legal right to a

35、 part of the assets until the business pays the debt. “Insider claims“ are called owners equity or capital. These are the claims held by the owners of the business. An owner has a claim to the entitys assets because he or she has invested in the business. Owners equity is measured by subtracting lia

36、bilities from assets. 51 Assets can be classified into current assets and fixed assets. （ A） Right （ B） Wrong （ C） Doesnt say 52 The owners of a business are those who have invested their money in the business. Therefore, they are the only persons who have the right of claims to the assets of the bu

37、siness. （ A） Right （ B） Wrong （ C） Doesnt say 53 The amount of liabilities of a business tells us how much the business owes to outsiders. （ A） Right （ B） Wrong （ C） Doesnt say 53 One of the most important functions of the accounting process is to accumulate and report accounting information that sh

38、ows an organizations financial position and the results of its operations. Many businesses publish such financial statements at least annually. The subdivision of the accounting process that produces these general-purpose reports is referred to as financial accounting. Another major function of acco

39、unting is to provide management with the data needed for decision-making and for efficient operation of the firm. Although management people routinely receive the financial reports, they also require various other information, such as the unit cost of a product, estimates of the profit earned from a

40、 specific sales activity, cost comparisons of alternative courses of action and long-range budgets. The process of generating and analyzing such data is often referred to as managerial accounting. 54 The purpose of managerial accounting is to prepare financial statements every year. （ A） Right （ B）

41、Wrong （ C） Doesnt say 55 Financial statements include balance sheet, income statement and cash flow statement. （ A） Right （ B） Wrong （ C） Doesnt say 56 Financial statements are used only by the outsiders of a firm. （ A） Right （ B） Wrong （ C） Doesnt say 57 The management of a firm needs to use the re

42、sults of both financial accounting as well as managerial accounting. （ A） Right （ B） Wrong （ C） Doesnt say 57 Well over half of all bank commercial loans are made for a short term, that is, for period of less than one year. Of these loans, about half are made on an unsecured basis to seasonal busine

43、sses and to borrowers with short-lived and project-oriented needs for funds. Secured short-term borrowers typically are less strong financially or are untested businesses without an earnings record. The most common type of short-term loan is the working capital line of credit extended to financially

44、 strong borrowers who have seasonal swings in their operations. Retailers and seasonal manufacturing firms are regular users of such credit. Through the line-of-credit commitment, a bank indicates its intention to honor borrowings up to the amount of the line. The amount is established on the basis

45、of the customers proforma peak funding requirement, and it assures the borrower of the availability of funds to finance bulges in working capital as sales expand and contract. The line of credit facility is very flexible and overcomes the need to extend a series of separate short-term loans. The cus

46、tomer “takes down“ only parts of the line as the need arises, so that redundant borrowings are unnecessary. Loan interest is charged on only the amount actually borrowed, and the loan may be repaid as reflows of cash to the firm occur when seasonal sales decline. 58 The periods of short-term loan is

47、 less than one year. （ A） Right （ B） Wrong （ C） Doesnt say 59 Loan interest is charged on only the amount actually borrowed. （ A） Right （ B） Wrong （ C） Doesnt say 60 In quite a few instances, line-of-credit borrowing is unsecured. （ A） Right （ B） Wrong （ C） Doesnt say 四、阅读理解 60 The forward market al

48、so provides facilities for forward currency transactions. This is a means of enabling the importer or exporter to agree a rate of exchange, now, at which a foreign currency will be exchanged for sterling at a future date, usually one, two, three or six months ahead but sometimes one or two years. Th

49、is rate is fixed regardless of what might have happened to the rate of exchange in the meantime and is particularly useful in an era of floating, and potentially volatile, exchange rates. If, for example, a British importer of US machines which cost $ 3,000 each has to pay in one months time he may prefer to buy the currency now for actual delivery in one months time. With a current rate of $2.00 to the 1 pound the one month rate may be at a two cent premium ($1.98) or 2 cents dearer than the sp